Exide Life Prospering Life Plus Plan

Details about Premium

Annual Premium in Rupees and Benefit Illustration

Policy Details

Grace Period: 15 days grace is allowed for premium payment in monthly mode and 30 days in annual mode failing which the policy lapses

Policy Termination or Surrender Benefit: Policyholder is allowed to surrender the policy after 5 completed years. If surrendered before 5 years, the fund value net of discontinuation charge will be credited to the Linked Discontinued Policy Fund where it will earn a minimum of 4% p.a. growth. After completion of 5 years, the fund value in the Discontinued Policy fund as on that date will be paid to the policyholder. If surrendered after 5 completed policy years, the entire Fund value on the date of surrender is paid without any charges

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

• Partial withdrawals are allowed every year after 5 completed policy years with a minimum value of Rs.6,000
• Unlimited free Switches are allowed every year for switching between funds
• Unlimited free Premium Redirections are allowed for redirecting future premiums
• Top-up premiums can be paid any time to increase the fund value with a minimum of Rs.6000
• The corresponding top-up SA will be 1.25 times the top-up premium for ages<45 yrs. or 1.10 times for ages >=45 yrs.

Exclusions

• The benefit paid in case of suicide within 12 months of policy inception or revival is the fund value as on that date.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and submit KYC documents.